14-07-2016 23:14 via feedproxy.google.com

BYRON WIEN: There's going to be an earnings problem throughout 2016

Byron Wien, vice chairman and investing guru at Blackstone Group, thinks that the market will look pretty bleak for the rest of the year.
"We are having a profit problem in the US this year, and I think you'll see it," Wien said in a webcast on Thursday.Wien's presentation included a bleak revenue outlook for 2016 of only a 1.7% increase. If you take energy companies out of the equation, then estimated revenue growth is at only 2.9%.
"Now 2.9% growth —&nb
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